Common use of Exercise of the Pledge Right Clause in Contracts

Exercise of the Pledge Right. 8.1 Before the fees and obligations under Relevant Agreements are fully paid or performed and without Party A’s written consent, the Pledgor shall not transfer its Equity. 8.2 Party A shall issue the Notice of Default to the Pledgor according to Article 7.3 herein when exercising its Pledge Right. 8.3 Subject to Article 7.3 herein, Party A may exercise its Pledge Right at any time after issuing the Notice of Default according to Article 7.3. 8.4 Party A is entitled to have a priority to get compensation from the proceeds yield from converting all or part of the Equity into money, or from the auction or sales of all or part of Equity, till all the unpaid service fees and other payables under Relevant Agreements are paid off and till “Equity Disposition Agreement” and the “Business Operation Agreement” are completely performed. 8.5 Where Party A exercises its Pledge Right according to this Agreement, the Pledgor shall not pose any obstacles and shall provide necessary assistance Party A to help realizing the Pledge Right.

Exercise of the Pledge Right. 8.1 Before the fees and obligations under Relevant Agreements are fully paid or performed and without Party A’s written consent, the Pledgor shall not transfer its Equity. 8.2 Party A shall issue the Notice of Default to the Pledgor according to Article 7.3 herein when exercising its Pledge Right. 8.3 Subject to Article 7.3 herein, Party A may exercise its Pledge Right at any time after issuing the Notice of Default according to Article 7.3. 8.4 Party A is entitled to have a priority to get compensation from the proceeds yield from converting all or part of the Equity into money, or from the auction or sales of all or part of Equity, till all the unpaid service fees and other payables under Relevant Agreements are paid off and till “Equity Disposition Disposal Agreement” and the “Business Operation Agreement” are completely performed. 8.5 Where Party A exercises its Pledge Right according to this Agreement, the Pledgor shall not pose any obstacles and shall provide necessary assistance Party A to help realizing the Pledge Right.

Exercise of the Pledge Right. 8.1 Before the fees and obligations under Relevant Agreements Equity Disposal Agreement are fully paid or performed and without Party A’s written consent, the Pledgor shall not transfer its Equity. 8.2 Party A shall issue the Notice of Default to the Pledgor according to Article 7.3 herein when exercising its Pledge Right. 8.3 Subject to Article 7.3 herein, Party A may exercise its Pledge Right at any time after issuing the Notice of Default according to Article 7.3. 8.4 Party A is entitled to have a priority to get compensation from the proceeds yield from converting all or part of the Equity into money, or from the auction or sales of all or part of Equity, till all the unpaid service fees and other payables under Relevant Agreements are paid off and till “Equity Disposition Disposal Agreement” and the “Business Operation Agreement” are is completely performed. 8.5 Where Party A exercises its Pledge Right according to this Agreement, the Pledgor shall not pose any obstacles and shall provide necessary assistance Party A to help realizing the Pledge Right.